Continuous compounding is the process of calculating interest and adding it to existing principal and interest at infinitely short time intervals. When interest is added to the principal, compound interest arise.
Chat with our AI personalities
2
preparing medication for a specific patient
What is a CONTINUOUS VARIABLE?!? If you mean a CONSTANT, then yes. Read your text. (signed) Your Teacher
You would use a compounding interest calculator in order to determine how quickly a certain amount of money will grow due to compounding interest. It is useful for determining how much to save and invest over several years.
false